The other thing I observed during that exact period of time was the sudden deceleration of new ideas until it reached the stage we've been in now for as long as 10 years, for basic tech. I used to use an iPhone 6 Plus.
Sure, the gamer laptop I bought for $700 has a Ryzen 7 and some NV RTX GPU, and that means I can play the same games at good frame rates with a higher level of detail. It's nice, but not earth-shattering.
Sony and Xbox have the same problem. Compare PS4 vs. PS5 to PS1 vs. PS2.